Top Chinese Diplomat Wang Yi and U.S. National Security Advisor Jake Sullivan met in Vienna on May 10 and 11 for discussions described as candid, substantive, and constructive by both sides.

David Last, resigned as chief of the Justice Department’s Foreign Corrupt Practices Act unit. Assistant Chief David Fuhr, has assumed the role as Acting Chief.   Mr. Last had been with DOJ for 14 years and was involved with the FCPA Unit since 2016, beginning as a trial attorney and serving as an Assistant Chief and the Principal Assistant Chief. Mr. Fuhr was named assistant chief in October 2019, having previously served as a trial attorney in the FCPA Unit.

The Commerce Department's Bureau of Industry and Security is urging companies to come forward if they uncover potential export-control violations. The change in policy is part of an effort to encourage companies to take responsibility for any violations and work with regulators to remediate problems.

House Foreign Affairs Committee Chairman Michael McCaul has introduced a legislation, known as the Project Precursor Act (H.R.3205), to address the fentanyl epidemic through an international forum for arms control.

A report by the United Nations Conference on Trade and Development (UNCTAD) has called for a "Blue Deal" – a global initiative towards sustainable use of the world's oceans that are home to 80% of all life. The Trade and Environment Review 2023, released on 8 May, analyzes the ocean economy, estimated at $3-6 trillion. The report has been presented at the 3rd UN Trade Forum

Had they been invited, Commerce’s Bureau of Industry and Security would have faced a chilly reception Thursday from the Oversight and Accountability Subcommittee of the House Foreign Affairs Committee.   Chairman Brian Mast (R-FL) kicked off the hearing,  criticizing the Bureau for permitting American technology to be used against U.S. interests.

On Friday, the Treasury Department and Internal Revenue Service unveiled in-depth guidance on the domestic content bonus under the Inflation Reduction Act, targeting solar projects and facilities and defining American manufacturing and sourcing criteria.

Treasury’s Office of Foreign Assets Control (OFAC) has removed Czech nuclear engineering firm Škoda JS A.S. from its Sectoral Sanctions Identifications List, following the acquisition of the energy services company by Czech energy giant ČEZ. The acquisition was made to mitigate the risk of sanctions affecting key supplies for ČEZ's nuclear power plants.  Škoda JS is a leading supplier of key components and equipment for nuclear power plants, and had been owned by a Russian entity.

European Commission President Ursula von der Leyen on Tuesday detailed a new set of sanctions targeting Russia, as well as Chinese and Iranian firms, during a meeting with Ukrainian President Volodymyr Zelenskyy.

The Mexican government updated the National List of Permitted Substances for Organic Agriculture in order to comply with international regulations and facilitate exports of organic products to the United States, European Union, Canada, and other countries.

The saga of export enforcement actions against Iran’s first private airline continues with the May 5 renewal of the temporary denial order (TDO) against Mahan Airways and associated persons first issued in March 2008.     As the Russian commercial fleet seeks maintenance and repair resources for its western fleet, Mahan's expertise in dodging sanctions is highly sought.

A bipartisian group of senators has introduced the Taiwan Tax Agreement Act of 2023. The bipartisan legislation aims to authorize the Biden Administration to negotiate and conclude a tax agreement …

Two Senate Republicans have introduced legislation to speed up the process for by exporting US defense, dual-use and other controlled items and technology to the United Kingdom and Australia.

The U.S. Trade and Development Agency (USTDA) is seeking stakeholder input to integrate climate adaptation and resilience into its programming across priority sectors. The agency's goal is to support …

The U.S. Department of Commerce has proposed a series of changes to its antidumping duty (AD) and countervailing duty (CVD) regulations in a bid to strengthen enforcement of trade remedy laws. …

The Biden administration's trade policies, such as the proposed Indo-Pacific Economic Framework (IPEF), have drawn criticism from progressive trade advocates for containing measures reminiscent of the neoliberal free-trade era, despite the “worker-centric” verbiage.   A dynamic of “regulatory capture” has been identified, with tech lobbyists influencing trade negotiators to prioritize industry interests.

The Asian Development Bank (ADB) has announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a groundbreaking program that could significantly boost support for the region in its fight against climate change. ADB President Masatsugu Asakawa revealed the initiative at ADB's 56th Annual Meeting in Incheon, South Korea.

In a joint operation, the Treasury’s Office of Foreign Assets Control (OFAC) and authorities in the Republic of Türkiye have designated two financial facilitators of Syria-based terrorist …

The Department of the Treasury's Office of Foreign Assets Control (OFAC) announced today the issuance of Venezuela General License 42, which authorizes certain transactions relating to the negotiation of settlement agreements with the IV Venezuelan National Assembly, its Delegated Commission, IV National Assembly Entities, and other designated persons.

Amid ongoing discussions on reforming the World Trade Organization (WTO), India unveiled a "30 for 30" proposal for reform. The initiative outlines 30 incremental changes aimed at improving the …